Bitfinex CTO: About 97% to 99% of Bitfinex's funds are stored in cold wallets and hardware wallets

According to AMBCrypto, Bitfinex CTO Paolo Ardoino said in an interview that Bitfinex still stores limited funds in the hot wallet, but about 97% to 99% of the funds are stored in cold wallets and hardware wallets. Bitfinex's goal is to directly reduce the risk exposure of funds on the exchange, despite the fact that the exchange has reliable security.